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Friday 21 January, 2011

21-Jan-2011 01:25 PM

Pfizer subsidiary extends King Pharmaceuticals tender offer

Pfizer's wholly-owned subsidiary, Parker Tennessee Corp, has extended its tender offer for King Pharmaceuticals. The $14.25per share offer will now expire at 1700hrs, New York City time, on 28 January. Story provided by
21-Jan-2011 01:21 PM

Australians may face floods tax

Australians may face an additional tax to pay for the floods in Queensland and Victoria Prime minister Julia Gillard says there will be spending cutbacks and possibly a levy to pay for the damage. The floods are expected to cost around A$3bn in lost coa
21-Jan-2011 01:06 PM


BG Group started at Investec with buy rating, 1510p target price. BP initiated at Investec with hold recommendation, 550p target price. Close Brothers downgraded to hold from add at Oriel, target stays 850p. Filtronic downgraded to hold from buy at Pa
21-Jan-2011 01:00 PM

Market Movers - Top risers and fallers at 13:00

FTSE 100 ROYAL BANK SCOT ORD 25P 45.02 6.71% AUTONOMY ORD SHS 1/3P 1481.00 4.00% CABLE&WW ORD 5P 69.40 3.43% AVIVA ORD 25P 440.90
21-Jan-2011 12:40 PM

Wren Extra Care reports £12.37m H1 loss

Suspended retirement apartments developer Wren Extra Care Group plc reported a loss of £12.37m for the six months to July 31, previously £0.52m, after £11.89m of asset write-downs. The group said it currently had net liabilities of £4.88m and was looking
21-Jan-2011 12:30 PM

Market Movers - Top risers and fallers between 11:00 and 12:00

Overall Market HELESI ORD EUR0.10 (DI) 7.62 27.08% MOBILEWAVE ORD 5P 3.00 14.29% 32RED ORD 0.2P 20.00 12.68% CAPE RES ORD 1P 2.75
21-Jan-2011 12:19 PM

Thor Mining agrees Spring Hill gold project acquisition

Northern Territory-focused explorer Thor Mining plc has agreed terms for the staged acquisition from Western Desert Resources Limited of a stake of up to 80% in the Spring Hill gold project. It will initially acquire a 25% interest for A$1.25m plus 10m T
21-Jan-2011 12:06 PM

Valiant shares rise on Don Southwest discovery

Shares in North Sea oil and gas explorer Valiant Petroleum plc were up by more than 9% after the company announced a discovery from the first exploration well in its 2011 drilling campaign. The Don Southwest 'E' Panel exploration well reached t
21-Jan-2011 12:00 PM

Market Movers - Top risers and fallers at 12:00

FTSE 100 ROYAL BANK SCOT ORD 25P 44.93 6.49% AUTONOMY ORD SHS 1/3P 1469.00 3.16% AVIVA ORD 25P 439.40 2.64% CABLE&WW ORD 5P 68.60
21-Jan-2011 12:00 PM

PLUSquoted Market Movers - Top risers and fallers at 12:00

PLUS Market All Star Minerals plc 1.35 170.00% Sheba Exploration (UK) plc 3.05 60.53% Consolidated Africa Mining Plc 0.55 57.14% HealthyDays Group plc 8.50
21-Jan-2011 11:44 AM

Trakm8 wins contract from new customer

GPRS-based hardware and software developer Trakm8 Holdings plc announced a significant contract with an unnamed new customer. It will supply 6,000 hardware units, with delivery starting in April, based on the A1091 hardware platform acquired from Vincot
21-Jan-2011 11:40 AM

NLMK sees recovery in steel demand

Russian steel producer OJSC Novolipetsk (NLMK) said it anticipated that production volumes in the first quarter of 2011 would be similar to those of Q4 2010 at around 3.0m tonnes. There was a visible recovery in demand in the beginning of the year, sa
21-Jan-2011 11:30 AM

Market Movers - Top risers and fallers between 10:00 and 11:00

Overall Market SLIMMA ORD 5P 5.00 33.33% 32RED ORD 0.2P 19.00 13.43% NEXTGEN ORD 0.1P 0.13 13.04% MOUCHEL GROUP ORD 0.25P 139.75
21-Jan-2011 11:22 AM

32Red wins trademark victory against William Hill

Online gambling operator 32Red plc said the High Court ruled in its favour today (Jan 21) in the company's trademark dispute with William Hill, owner of the 32Vegas online casino. 32Red said the court ruled that the William Hill's use of '
21-Jan-2011 11:11 AM

BAE to buy rest of California's Fairchild for $86m

Defence and aerospace group BAE Systems has agreed to acquire the rest of Fairchild Imaging, Inc. for about $86m in cash. It already holds 8.7% of Fairchild shares, with 91.3% of the outstanding equity held by affiliates of the Carlyle Group. Fairchil
21-Jan-2011 11:03 AM

@UK in line despite order delays

E-business software provider @UK plc said trading during the year to December had been in line with market expectations despite delays in gaining new orders. In an update ahead of final results due on March 23, @UK said that during the second half it had
21-Jan-2011 11:00 AM

Market Movers - Top risers and fallers at 11:00

FTSE 100 ROYAL BANK SCOT ORD 25P 44.38 5.19% LLOYDS GRP. ORD 10P 68.24 2.14% CABLE&WW ORD 5P 68.50 2.09% AVIVA ORD 25P 437.00
21-Jan-2011 10:52 AM

Natasa Mining has $50m to invest

Mining finance company Natasa Mining Limited said it had more than $50m available for investment in appropriate mineral properties. In an activities report for the December quarter, Cayman-based Natasa said the disposal of rights to acquire interests in
21-Jan-2011 10:30 AM

Market Movers - Top risers and fallers between 09:00 and 10:00

Overall Market SLIMMA ORD 5P 5.00 33.33% HELESI ORD EUR0.10 (DI) 6.00 14.29% TRAKM8 HLDGS ORD 1P 16.50 10.00% SYMPHONY ORD NPV (CDI) 0.80
21-Jan-2011 10:28 AM

New U.S. organisation formed aimed at boosting employment

U.S President Barack Obama is setting up a Council on Jobs and Competitiveness principally aimed at cutting unemployment. The head of General Electric, Jeffrey Immelt, is to head up the new organisation. It will replace the Economic Recovery Advisory Bo
21-Jan-2011 10:19 AM

Mouchel attracts further offers

Mouchel has announced that it has received further approaches following the offer from Costain. Costain had earlier increased its offer after its two previous bids had been rejected. Mouchel said that it was actively reviewing these further approaches a
21-Jan-2011 10:11 AM

Demand for mortgages slows

Mortgage lending fell by 6% in December, compared to the previous month. Figures from the Council of Mortgage Lenders show that £11bn. was advanced in December. This is 18% lower than in December 2009. The cost of many home loans have been increasing o
21-Jan-2011 10:07 AM

N Brown acquires brands from Slimma

N Brown Group, the internet and home shopping group, has announced that it has agreed to pay £800,000 to acquire the 'SLIMMA' and 'SPLENDOUR' brands (and associated intellectual property) from Slimma, an AIM listed company, via its su
21-Jan-2011 10:04 AM

New Indian oil sales price deal for Oilex

Australian oil and gas company Oilex Ltd announced a revised oil sales agreement for the Cambay Field joint venture in India with the Indian Oil Corporation. It said the agreement included an increase of about 34% in the price paid by IOC to the JV for
21-Jan-2011 10:00 AM

Market Movers - Top risers and fallers at 10:00

FTSE 100 ROYAL BANK SCOT ORD 25P 44.53 5.55% INVENSYS ORD 10P 337.10 2.28% LLOYDS GRP. ORD 10P 68.29 2.22% AUTONOMY ORD SHS 1/3P 1451.00